Industrial Controls and Robotics Market: Rising Need of Automation in Diverse Applications to Fuel Global Industry

According to TMR, the global industrial robotics market is estimated to be worth US$147.7 bn by 2019. By end user industry, the automotive industry is anticipated to lead in the market. The semiconductor market segment is anticipated to emerge as the fastest expanding end user segment in the coming years. the need for absolute precision and a need for rapid production will be factors driving the adoption of industrial robots in the semiconductor market. On the basis of geography, Asia Pacific is anticipated to lead in the market. Countries such as China, Australia, India, and Japan are increasingly demanding industrial robots. The growing adoption of these robots in small and medium enterprises (SMEs) will bolster the demand for industrial robots in the region, says TMR.

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Enhanced Productivity to Spur Growth of Industrial Robotics Market

The growing need for enhanced productivity is one of the key factors fueling the growth of the global industrial robots market. The adoption of these devices helps decrease variable cost and reduce the manufacturing time. Thus, industrial robots are being preferred extensively across the manufacturing industry. The use of industrial robots to minimize errors and accidents of workers while performing hazardous tasks is another reason why they will witness high demand.

Customization of Industrial Robotics to Emerge as Growth Opportunity

On the other hand, the investment required to be made initially for setting up industrial robotics and controls is very high. “Also, another challenge faced by market players is the unavailability of cheap labor,” states a TMR analyst. Cheap labor is found in developing nations but not in other nations and this restricts the global expansion of industrial robotics market. However, there lies immense scope of growth in the market as customized industrial robotics becomes a trend. Also, the growth of small and medium scale enterprises in developing nations will serve as growth opportunity.

Global industrial controls and robotics market has been segmented as:

Industrial controls and robotics market analysis, by type

Industrial Control systems
SCADA
PLC
DCS

Field Devices
Sensors
Relay & Switches
Robotics
Motion Control & Drives Systems
Machine Vision systems
Others

Manufacturing Execution Systems
Discrete
Process

Industrial controls and robotics market analysis, by application

Power
Textiles
Automotives
Chemicals
Printing and Packaging
Plastics
Oil & Gas
Pharmaceuticals
Food Processing
Semiconductors
OEMs
Others

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Industrial controls and robotics market analysis, by technology

Motion Control and Drives Systems
Robotics Systems
Integrated Manufacturing Systems
Machine Vision Systems
Manufacturing Execution Systems
Programmable Logic Control System
Others

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This release was published on openPR.